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Showing 41 - 50 of 195 results for "FOMC meeting"

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
The Fed's decision to maintain current policy settings at the conclusion of last night's FOMC meeting doesn't make for much except for self-congratulations and back-patting. What matters more is the forward guidance implicit in the FOMC ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... inflation. For all intents and purposes, the Fed's "policy of patience" - reinforced in the minutes of its May FOMC meeting - can be considered the correct approach. Everything comes to him who waits. The data-dependent Fed could afford to sit it ...

Chief economist update: A tariff for a tariff

BENJAMIN ONG  |  TUESDAY, 14 MAY 2019
... FedWatch Tool shows the probability that the fed funds rate would remain at 2.25%-2.50% at the Fed's December 2019 FOMC meeting has dropped to 26.1% from 45.8% a week ago (before the tariff flare-up). The odds for a 25 bps rate reduction increased ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
The US Federal Reserve just concluded its April 30 - May 1 FOMC meeting and decided it best to do nothing but reaffirm its policy of patience, as you, I and Irene expected. "Consistent with its statutory mandate, the Committee seeks to foster maximum ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... sufficient to lift the animal spirits among equity investors. It reaffirmed this in the minutes of its 19-20 March FOMC meeting. "With regard to the outlook for monetary policy beyond this meeting, a majority of participants expected that the evolution ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... after peaking at 1% in October last year. The latest forward guidance from the Fed - the minutes of the 19-20 March FOMC meeting reaffirmed its commitment to leave interest rates on hold this year - and a similar one from the European Central Bank's ...

Chief economist update: Fed on ice

BENJAMIN ONG  |  THURSDAY, 21 MAR 2019
... Wall Street, it's the US equity market's reaction to the Fed's decision following its 15-16 March 2019 FOMC meeting. The Fed gave the markets what they expected - it kept the Fed funds rate at 2.25%-2.5%, forward guided that this would be ...

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
... the probability of the fed funds target rate remaining at the current rate of 2.25%-2.5% by the 11 December 2019 FOMC meeting is now at 83.2% (up from 69.5% a month earlier) while the likelihood of a rate hike has fallen to 3.3% from 20.3% over the same ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  THURSDAY, 31 JAN 2019
... - fed funds rate at 2.25%-2.5% - at 80.2% (up from 72% a day before the conclusion of the Fed's 29-30 January FOMC meeting and 71.4% a week ago.) In addition, the likelihood of a rate cut by the end of the year has increased to 12.3% from 6.8% the ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... level by 11 December 2019 meeting at 70.2% -- up from 41.7% a month earlier (prior to the Fed's 18-19 December 2018 FOMC meeting). What's more, the likelihood of a rate cut at its 19 January meeting (based on fed funds futures trading) has increased ...